In order to protect this confidential information, both parties wish to sign this confidentiality agreement. Each state in India has a different value of stamp paper. As a result, depending on the state in which the contract is performed (here confidentiality agreement), the value of the stamp paper is deducted. You can find the value of stamp paper or stamp duty on the websites of the State government. (b) where two parties wish to examine the possibility of an investment or business sale contract and discuss economically sensitive information; The general principles of the 1872 treaty and the restriction of trade apply to confidentiality and confidentiality agreements. This type of agreement is better suited for joint ventures, etc. Therefore, the confidentiality clause is the essence of the NDA agreement. Bilateral NDA – On the other hand, the bilateral NDA is also called a mutual confidentiality agreement, in which both parties disclose confidential information and are both responsible for protecting that confidential information. For example, make a deal and you have hired a few employees or contractors to perform certain jobs that require the transmission of certain sensitive information to them. Well, obviously, you don`t want employees/contractors to share the information with anyone. What you should do is make a confidentiality agreement with them and prevent them from sharing them outside of work.
Like other contracts, confidentiality agreements require consideration, which means, on the whole, that a party must receive something in exchange for non-disclosure of information, which can be payment for the provision of services or even the opportunity to evaluate a planned investment. The main purpose of the confidentiality agreement is to protect sensitive information. This is a legally binding contract between the two parties. As the name suggests, this is just a contract whose purpose is to protect confidential information. . . .